Zelan Bhd.

Zelan Bhd.

MMYX:ZELAN
0.06
MYR
0.00
(0.00%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Faizal bin Yusof
Full Time Employees
58
Sector
Industrial services
Industry
Engineering & construction
Address
Kuala Lumpur Malaysia
IPO Date
Jan 4, 1984
Website
zelan.com
Business
Zelan Berhad is a Malaysia-based investment holding company engaged in engineering and construction, asset and facilities management, property development, and corporate investment services. Founded in 1989 and headquartered in Kuala Lumpur, Malaysia, the company operates primarily across Malaysia, Southeast Asia, and the Middle East, maintaining an affiliate relationship with MMC Corporation Berhad as a major shareholder. The company organizes its commercial operations into three core business segments: Engineering and Construction, Asset and Facilities Management, and Property and Development. The Engineering and Construction segment provides comprehensive engineering, procurement, construction, and commissioning (EPCC) services for power plants, heavy industrial infrastructure, and commercial complexes; civil, structural, and marine engineering works; piling, foundation, and earthworks; design and construction of coal-fired, combined-cycle gas turbine, and thermal power stations; building construction for institutional, commercial, and residential developments; and project management consultancy. The Asset and Facilities Management segment offers integrated total facilities management (TFM) services; building operations and maintenance; mechanical, electrical, and plumbing (MEP) systems upkeep; energy management and environmental control solutions; security, cleaning, and landscaping services; and long-term asset management under public-private partnership (PPP) and private finance initiative (PFI) concession agreements, including higher education campuses. The Property and Development segment manages commercial property investments, real estate development, and property leasing activities. In recent developments, Zelan Berhad has been implementing a comprehensive regularization and restructuring plan to address its classification under Bursa Malaysia Securities Berhad Practice Note 17 (PN17) status. The company has focused on corporate debt rationalization, negotiating settlement frameworks with creditors, pursuing the recovery and monetization of legacy arbitration claims from overseas projects in the Middle East, and reorganizing executive leadership. Operationally, the company has prioritized sustainable revenue generation through its domestic asset and facilities management concessions while instituting strict cost-containment measures across its core engineering divisions to restore balance sheet stability.